Hovnanian Enterprises Inc. (NYSE: HOV) has reported E.P.S. of $3.88 for its first fiscal quarter (ending January 31) versus $3.11 for the same period a year ago — an increase of 25%. For the latest four quarters through January 31, E.P.S. were $35.45 versus $29.69 for the same period a year ago — an increase of 19%.
Recent Price Action
Hovnanian Enterprises Inc. (NYSE: HOV) stock closed at $106.51 on 2/24/25 after a major decline of -12.4%. Moreover, trading volume in this decline was exceptionally high at 296% of normal. The stock has declined -20.5% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Hovnanian Enterprises has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hovnanian Enterprises has a very high Appreciation Score of 93 but a poor Power Rating of 27, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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